Casinos, both on and off-line, offer some of the best profit-making games in the world. However the potential profit that can be made from casinos is often ignored, with players opting for games such as the slots and video poker over roulette and craps. It’s not only new gamblers that are intimidated by the roulette table: a shockingly vast number of seasoned gamblers are put-off by the large selection of bets that can be placed on the simple game.
In a game of roulette there are only really two types of bet: inside and outside. An inside bet is a bet placed on either a single number or a combination of numbers. An outside bet, on the other hand, uses either thecolours (black or red), high and low or odd and even. Due to the higher chance of losing with an inside bet, they will have a higher payout yield for winning.
A bet wagered on one single number is called a straight bet. There is a probability that you will win of around 2.6%, with a payout of a tasty 35 to 1. If you bet on a combination of four numbers, called a corner bet, you have a 10.5% of winning with an 8 to 1 payout. A corner bet involves you picking any four numbers that form a square shape on the table betting board. The third type of bet that can be placed on a roulette table is a street bet. With this type of bet, you select a row of numbers to win – the payout is a reasonable 11 to 1, but the odds of winning are just shy of 7.9%. Finally, you can place a split bet. With a split bet, a player can bet on two numbers side by side on the betting board. The odds of winning this type of bet is 5.26%, with a 17 to 1 payout. Get the best payouts at Mr Green.
If you are confused by the previous paragraph, don’t be alarmed: those are the types of inside bets. Outside bets, which I will explain now, are much more popular at both online casino games and in real casinos. You have a 50% chance of winning with a colour, odds or even and wagers, as there are only ever two possible outcomes – red/black and odd/even. The payouts for these types of bets are simply 1:1 – not a high return, but a lot less risk involved. A high or low bet is similar to the previous two types of outside bet, as they also pay out 1:1. Players simply bet on whether the resulting number will be between 1 and 18 or 19 and 36. Practice these now at Mr Green Casino for free!
Play roulette for free here without the need to register beforehand:
Outside bets also involve two other types of bet, where the payout is a little larger. A column bet requires the player to wager on a 12-number column on the board. A successful column bet leads to a 2:1 payout. The final type of outside bet is the dozen bet. Here, players bet on either the first (1 to 12), second (13 to 24) or third (25 to 36) numbers on the roulette wheel. The resulting win is the same as the odds of the column bet.
If you are going to start playing roulette, take time to learn about the different results that a player can receive on their bet. You’d be surprised the difference some basic knowledge of bets and wagers can make to your winnings. Try playing at Spin Palace Casino where you can get free spins before registering so you can practice.